3 Cathie Wood Stocks to Buy in 2023
"Fear of the future is palpable, but crisis can create opportunities." Those were Cathie Wood's words from a letter she wrote and posted on the Ark Invest website earlier this month. Considering the volatility that rattled Wall Street's nerves last year, the sentiment in the first part of that statement will surely resonate with many investors.
But history suggests that the market will recover, and those who make savvy investments now will sow the seeds of future returns. Three such potentially potent picks are Roku (NASDAQ: ROKU), Rocket Lab (NASDAQ: RKLB), and Trimble (NASDAQ: TRMB). All of them can be found in Wood's Ark Invest portfolios, and investors who plant them in their portfolios now should reap rewards in the years to come.
Shares of media-streaming platform operator Roku have plummeted by 80% since the start of the bear market. While the bears have been down on Roku's stock, Wood remains strongly optimistic about its potential, going so far as to state that the bull case for the stock represents upside of a whopping 3,100%. And she's putting her money where her mouth is. So far in January, the Ark Fintech Innovation ETF has bought 104,025 shares of Roku. Further demonstrating her enthusiasm, Roku also appears in the portfolio of Ark Next Generation Internet ETF, where it's the fund's third-largest holding.
Source Fool.com
